Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.69B | $3.81B | $3.93B | $4.04B | $2.16B | $3.13B | $3.57B | $3.75B | $3.86B | $4.02B |
| Revenue growth | — | 3.1% | 3.3% | 2.8% | -46.6% | 45.1% | 13.8% | 5.1% | 3.0% | 4.1% |
| Operating income | $658M | $439M | $523M | $812M | -$105M | $618M | $653M | $720M | $733M | $553M |
| Operating margin | 17.8% | 11.5% | 13.3% | 20.1% | -4.9% | 19.7% | 18.3% | 19.2% | 19.0% | 13.8% |
| Net income | $611M | $854M | $672M | $507M | -$255M | $308M | $357M | $396M | $411M | $230M |
| Net margin | 16.5% | 22.4% | 17.1% | 12.5% | -11.8% | 9.8% | 10.0% | 10.6% | 10.6% | 5.7% |
| EPS (diluted) | $5.52 | $8.24 | $6.77 | $5.48 | -$2.97 | $3.52 | $4.24 | $5.28 | $5.82 | $3.44 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $963M | $986M | $442M | $452M | $374M | $568M | $442M | $350M | $464M | $640M |
| Capital expenditures | $117M | $107M | $99.0M | $108M | $69.0M | $57.0M | $52.0M | $74.0M | $81.0M | $117M |
| Free cash flow | $846M | $879M | $343M | $344M | $305M | $511M | $390M | $276M | $383M | $523M |
| Share buybacks | $619M | $599M | $330M | $340M | $128M | $25.0M | $351M | $309M | $234M | $301M |
| Dividends paid | $223M | $242M | $194M | $166M | $138M | $109M | $135M | $136M | $142M | $149M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $113M | $48.0M | $218M | $355M | $1.20B | $369M | $550M | $282M | $167M | $253M |
| Total assets | $9.82B | $10.4B | $7.16B | $7.45B | $7.61B | $6.59B | $6.76B | $6.74B | $6.74B | $6.76B |
| Total liabilities | $9.10B | $9.68B | $7.73B | $7.98B | $8.58B | $7.38B | $7.66B | $7.66B | $7.62B | $7.74B |
| Long-term debt | — | — | — | $5.58B | $6.42B | $5.31B | $5.64B | $5.65B | $5.59B | $5.60B |
| Shareholders' equity | $714M | $769M | -$574M | -$530M | -$975M | -$801M | -$913M | -$918M | -$881M | -$981M |
| Retained earnings | $1.98B | $2.50B | $1.44B | $1.78B | $1.39B | $1.59B | $1.81B | $2.07B | $2.33B | $2.41B |
| Shares (wtd avg diluted) | 111M | 104M | 99.2M | 92.4M | 86.1M | 87.3M | 84.2M | 75.0M | 70.7M | 66.9M |
Every figure is extracted from Travel & Leisure Co.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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